Home Depot, Inc. (The) (HD) Position Lowered by Oakbrook Investments LLC

Oakbrook Investments LLC cut its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 15.0% during the second quarter, Holdings Channel reports. The fund owned 62,351 shares of the home improvement retailer’s stock after selling 10,975 shares during the period. Oakbrook Investments LLC’s holdings in Home Depot, Inc. (The) were worth $9,565,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. American Beacon Advisors Inc. bought a new position in shares of Home Depot, Inc. (The) during the first quarter worth $100,000. Riggs Asset Managment Co. Inc. increased its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC increased its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. University of Texas Investment Managment Co. bought a new position in shares of Home Depot, Inc. (The) during the first quarter worth $132,000. Finally, Peoples Financial Services CORP. increased its position in shares of Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after buying an additional 125 shares during the last quarter. 71.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (NYSE HD) traded down 0.72% during trading on Thursday, reaching $151.15. The company’s stock had a trading volume of 1,574,194 shares. The company has a market cap of $178.81 billion, a PE ratio of 21.75 and a beta of 1.08. The firm’s 50-day moving average is $151.38 and its 200 day moving average is $149.99. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. Home Depot, Inc. (The) also was the recipient of some unusual options trading on Monday. Stock investors acquired 31,506 put options on the company. This is an increase of approximately 331% compared to the typical daily volume of 7,312 put options.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 EPS. On average, equities research analysts predict that Home Depot, Inc. will post $7.28 EPS for the current fiscal year.

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A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $178.00 target price (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 target price on the stock in a report on Tuesday, May 30th. Longbow Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a report on Monday. Barclays PLC set a $165.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Home Depot, Inc. (The) has an average rating of “Buy” and an average price target of $168.28.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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